Daily Financial Markets Report | Thursday, 21 May 2015

sacciDaily Financial Markets Report sources information from Business Day, Reuters, JSE Ltd and others.

Highlights

 U.S. stocks ended Wednesday’s choppy session slightly lower, as modest post-Fed-minutes gains evaporated by the close of the trading day. European stocks finished higher Wednesday, with shares of some financial institutions climbing after long-awaited penalties were leveled against U.S. and European banks for manipulating foreign currency markets. Hong Kong stocks turned volatile Thursday morning after HSBC’s preliminary China manufacturing index for the current month printed weaker than expected.

 The US dollar is currently trading at 1.11 to the euro 1.55 to the pound and will buy 121.09 Japanese Yen or 11.85 South African Rand.

Spot gold is currently trading at US$ 1 208.90/oz. and platinum at US$ 1 155.60/oz. Brent crude oil is currently trading at US$ 65.23 per barrel.

International markets

U.S. stocks ended Wednesday’s choppy session slightly lower, as modest post-Fed-minutes gains evaporated by the close of the trading day. European stocks finished higher Wednesday, with shares of some financial institutions climbing after long-awaited penalties were leveled against U.S. and European banks for manipulating foreign currency markets. Hong Kong stocks turned volatile Thursday morning after HSBC’s preliminary China manufacturing index for the current month printed weaker than expected.

The S&P 500 closed down 1.98 points, off 0.1%, at 2 125.85. The Dow Jones Industrial Average ended down 26.99 points, or 0.2%, at 18 285.40, a day after registering record highs Monday and Tuesday. Breaking from the pack, the Nasdaq Composite closed 1.71 points higher at 5 071.74.

The Stoxx Europe 600 rose 0.4% to 406.42, helped by gains in the telecom and financials sectors. The Germany’s DAX 30 settled about 5 points lower at 11 802.00, while France’s CAC 40 turned up 0.3% to 5 133.30. Gains for RBS and Barclays helped push the U.K.’s FTSE 100 up 0.2% to 7 007.26.

The Hang Seng Index was down 0.1% and the Shanghai Composite Index was up 1.3%

The US dollar is currently trading at 1.11 to the euro 1.55 to the pound and will buy 121.09 Japanese Yen or 11.85 South African Rand.

Domestic markets

The All-share index was only 0.06% lower at 54 292 points and the Top 40-index lost only 0.09% to 48 099 points.

Commodities

Spot gold is currently trading at US$ 1 208.90/oz. and platinum at US$ 1 155.60/oz. Brent crude oil is currently trading at US$ 65.23 per barrel.

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